Tezos continues to beat the markets (both in crypto and in fiat) as of this week, growing as much as 20% in the last 5 days while most other assets continues to slump. This growth is being driven by increased transactions and traction - particularly around the NFT marketplaces.
A more detailed look at the history and growth potential of the chain.
Pretty much the same. Taking into consideration that we are currently in a bear market this move remains internal at a macro level.
I believe that If we are not going to challenge the current vertical resistance and come back to re-test it I'm not seeing any signs of a potential trend change.
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Tezos price analysis shows that the XTZ/USD pair is trading in a bullish trend as the market price has surged by over 5% in the last 24-hours. The market price is currently facing resistance at $1.79 however, if it breaks above this level, it could surge to $2. The next level of support is present at $1.68.The Tezos price is currently trading at $1.78.
$XTZ is inside weekly broadening wedge pattern, and price is near lower line.
🐮 holding the lower line of wedge that is the same with support zone, will increase price to resistance around $4 and break out from this resistance will head up price toward resistance of 0.5 fib level that is the same with ascending trend line.
break out from ascending...
Do I smell bottom right here?
Looking at all previous corrections, XTZ has never retraced more than 75% in price. And right now we are at that level again, suggestion take off will be soon!
Hold my beer pls
No financial advice, do your own research, don't be stupid
As of this week, Tezos (XTZ) was one of the few coins that actually ended up in the green, showing a type of independent movement that has never been seen before. What's driving the excitement behind the project that caused people to buy the dip?
Consistent higher lows can be seen on the left chart (coinbase)
Each one of these lows provides a unique support level
The uptrend isn't going anywhere
On the right I demonstrate how price is above a confirmed support level
This will lead to a bounce and return upwards
XTZ at Daily chart is at very important place named " Liquidity Base "
thats the last base of compression
if it engulf this base we have sell story :)
our confirmation is william PR indicator and Cp moves up and strong weekly Supply above that works perfectly
but it can provides a good buy even it engulf the LqBase
helped by priceaction and RTM & ICT METHODS...
Fundamental: The COT data for Bitcoin is net long, and the largest amount shorts were closed since beginning of January. Banks are taking profit on their short positions from the bear run. XLM correlates with Bitcoin
Technical: There is a daily M pattern that has formed depicted in white ( bullish ). This pattern completes at the neckline depicted by green....